Trade policy is pulling business headlines in opposite directions today. Washington has slapped a 12.5% tariff on Nigerian imports, arguing Abuja has not done enough to block goods made with forced labour, part of a broader US crackdown on supply-chain standards across 60 economies. At the same time, President Trump says tariffs on Scotch whisky will be lifted, a move expected to give Scottish exporters a meaningful boost and underline how selectively trade barriers are being used. In India, investors are bracing for a heavy earnings day, with more than 80 companies, including NTPC, Tata Consumer Products and Bank of Baroda, due to report June-quarter results. One early bright spot is Fractal Analytics, which posted 20% revenue growth and a 92% jump in net profit, suggesting demand for data and AI services remains robust. Elsewhere, Applied Opt disclosed a routine Form 4 insider filing.